Andrews Kurth Represents IDB in $100 Million A/B Loan Facility to Banco de General S.A. (Panama)

(Washington, DC)—On December 5, 2014, the Inter-American Development Bank (“IDB”), as lender and administrator of the China Co-Financing Fund for Latin America and the Caribbean) closed on a US$ 100 million A/B loan facility to Banco General S.A. (the “Borrower”) consisting of (a) an A Loan of up to US$ 75 million and (b) a B Loan of up to US$ 25 million. The proceeds of the loan will be used to support the Borrower’s origination of residential mortgage loans to sub-borrowers in the Republic of Panama.

The U.S. based firm of Andrews Kurth LLP, advised the IDB as international counsel. Local legal advice was provided by Alfaro, Ferrer & Ramírez in Panama. 

Andrews Kurth Lawyers:

Vera Rechsteiner, Partner

Ignacio Hirigoyen, Associate

IDB In-house Counsel:

Lorena Slebi, Project Attorney

IDB Panamanian Counsel:

Alfredo Ramirez Jr., Partner

Roberto A. Harrington, Partner

As released by the former Andrews Kurth Kenyon LLP